Jamie Gun2Head Trade - Selling Platinum Trade Idea: Selling Platinum
Reasoning: Bearish outside candle on daily chart, head and shoulders top forming?
Entry Level: 925
Take Profit Level: 887
Stop Loss: 936
Risk/Reward: 3.45:1
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PLATINUM trade ideas
Week 08 | XPTUSD | Long Position | H1 | 02-08-2022Platinum has shown inverse head and shoulder pattern and now its in a bullish trend. We can take long position at this stage as the price is still making higher highs and higher lows.
XPTUSD $XPTUSD Initial LongXPTUSD $XPTUSD Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Platinum UpdatePlatinum is about to form a very good daily bullish early pattern. As a result of this, a weekly correction will occur, and if it is extended to an upper time frame, it can go up to a monthly correction. Follow the correction trend line of the daily rising wave. If this first line is broken it will be invalid.
Platinum UpdatePlatinum could be a 4 hour bullish pattern. If so, this would be a very good buy opportunity. And, since the whole wave is a monthly down wave, it is highly likely to fall again after weekly corretion. Depending on the time wave, the weekly correction will take more than 3 weeks, and when the 4 hour wave is broken, the daily correction will occur, and a daily bullish pattern will appear again. The daily bullish pattern completion is around the end of the weekly correction.
Platinum UpdatePlatinum can generate impulses that break the daily downtrend. This impulse will be a weekly correction process that draws a daily correction trend line, after which there is a possibility of another decline.
Platinum UpdatePlatinum is undergoing a monthly downtrend.
Since a weekly correction trend line is needed between the last monthly correction trend line, if it rebounds, it can rise to around the weekly supply zone.
As the Bullish pattern occurred on the 4-hour chart in the lower time frame, the uptrend could continue as long as the correction trend line of the uptrend is not broken.
If the weekly supply zone is reached, the bottom can be updated to draw a monthly correction trend line of the downtrend.
After that, I expect a strong retracement to stop the monthly downtrend.
Platinum (XPT/USD) Going Bullish???Will Palladium Close Bullish This Month (JULY) ?
This Trade Consists Of A Classic AMD Trade And Traditional SnD +A Few ICT Concepts
I'm Framing A Possible Reversal, Since I've Seen The WEEKLY & DAILY Timeframe Have Swept Liquidity Below And Palladium Is Currently Trading In My Premium Zone (Oversold), NOT OVERSOLD AS IN OSCILATOR INDICATION
My Expectations For This Setup
Small Pullback Towards The Optimal Trade Entry Zone , Creating A Second From The 2 Hour Timeframe
Price Filling The Imbalance Below Or Testing A Bullish Orderblock, As Our ENTRY TRIGGER
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710 possible for a week or two. 850 is the range likely for a few weeks with a pulse to 800 range.
Then the price could fall to a cost of production for a few months...maybe even a pulse below that for a few weeks.
Might even stay there long enough to get some physical at decade lows.
Then again who wants dollars? I guess 2.8% interest for a 10y bond with prospects for 7% inflation looks good to some people.
Maples, eagles or plate? what will there be? trading PPLT as a hedge to lock in a price.
PLATINUM 30th JUNE 2022Platinum is in critical area, closer to breakout support, risk of bearish potential.
Big institutions and companies tend to decrease in demand, even though the supply of platinum is increaseing.
I usually use 2 sources to see the sentiment of big players:
1. LME : London Metal Exchange is a futures and forwards exchange with the world's largest market in standardized forward contracts, futures contracts, and options on base metals. The exchange also offers contracts on ferrous metals and precious metals.
www.lme.com
2. CFTC : Commodity Futures Trading Commission is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures , swaps, and certain kinds of options.
www.cftc.gov
Due to the uncertainty of these, the price of platinum tends to be bearish.
This is my trading plan on XPTUSD , how about you?
A Hammer is visible on 1Hr Time Frame in XPTUSDA clear hammer pattern is visible on XPDUSD in 1hr time frame. It shows the uptrend in the chart.
Platinum Long position indicated A good buy call for platinum as the metal didn't broke the support area of 900 and if expected to ride up to 940 to 950
Mathematical probability for longer longWe can see same crash as March 2020 when everything dive, or can use this with small cash amount for longer investment in PL
IF Platinum Ends With Bullish Candle Today, BULLS Takes ControlAt the end of today's trading, IF the daily candle ends with a bullish candlestick (bar), then the bulls would most likely take control and drive price high
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
PLATINUMPLATINUM: The weekly chart reflects a series of lower highs while support at the $900 level is being tested for the 4th time since September 2021. A break and close below this level raises the risk of further downside, with $775 as an initial target.
PLATINUM Buy opportunity long-termPlatinum (XPTUSD) is trading close to a Support Zone that is holding since the September 2021 Low. It does remain under two Lower Highs trend-lines, the one from the February 16 2021 High and the other from the March 09 2022 High. Technically that is the most optimal buy level for a short-term rebound towards the Internal Lower Highs trend-line and if broken, long-term extension to the Feb 2021 Lower Highs.
If on the other hand we break below the 900.00 Support, we will take that minor loss and turn bearish instead towards the 830.00 September 24 2020 Low.
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Platinum USD long 1D Time Frame The trend of Platinum USD on the 1D time frame is showing a reversal. Firstly you can see a downtrend in the form of LH and LL then at the bottom, you can observe the HH and HL which is a sign of trend reversal or consolidation phase. So you can buy from here by putting a stop loss at the LL point mentioned in the chart.
Pitchfork Tutorial- Platinum as an exampleBasic forks
Platinum as an example
Major pivots
Always
High-low-high
OR
Low-High-Low
Use pitchforks to frame PA
80% of the time price returns to the median line from the third pivot
GRI 2022
XPTUSD LONG IDEAQuick scalp to the long side, we seem to be extended to the short side.
I anticipate a potential target of 953.70 with partials made
